Janus Profits Jump After Hiring Bill Gross

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Mani
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Janus Capital Group Inc. posted an 18% jump in profits in the fourth quarter after hiring star bond fund manager Bill Gross in September. The Denver asset management firm posted its first quarter of net deposits since 2009. Janus beats estimates While unveiling its fourth-quarter results today, Janus Capital Group reported its net income jumped to $45.2 million, or 24 cents a share, from $38.3 million, or 21 cents, a year earlier. Its earnings beat the 21-cent average per-share estimate of 12 analysts surveyed by Bloomberg. The Denver-based firm said that it ended the fourth quarter with $183.1 billion in…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports